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Interview with Eric Youngstrom: Working Capital Solutions – Helping SMBs Grow
Manage episode 446349089 series 3575809
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Interview with Eric Youngstrom: Working Capital Solutions – Helping SMBs Grow
Host - Rory Holland
Interviewed - Eric Youngstrom
In This Episode
Eric Youngstrom, Founder and CEO of Onramp, discusses his journey in the finance industry and the purpose behind his company. Onramp provides working capital solutions to small e-commerce businesses, helping them overcome cash flow challenges and grow. Eric emphasizes the importance of supporting independent small businesses to create a healthier economy. He shares success stories of businesses that have grown with the help of Onramp's funding. Eric also discusses the challenges of customer acquisition and recruiting, as well as the future of lending and the need for trust in the financial system.
Key takeaways
- Onramp provides working capital to small e-commerce businesses, helping them overcome cash flow challenges and grow.
- Supporting independent small businesses is important for creating a healthier economy.
- Onramp has helped businesses grow and succeed, with some customers graduating to more affordable financing options.
- Customer acquisition and recruiting are ongoing challenges for Onramp.
- The future of lending lies in better data visibility and underwriting based on business performance.
- Trust in the financial system can be built by diffusing corporate power and promoting competition.
Chapters
00:00 Introduction and Background
04:49 Competition and Streamlined Processes
09:30 The Future of Lending and Trust in the Financial System
About Mighty Finsights
This is 'Mighty Finsights,' the podcast where finance meets formidable insights and spirited storytelling. Each episode offers a deep dive into the challenges and achievements that define the financial landscape, providing valuable lessons in finance, innovation, and resilience. Tune in for an experience that brings finance to life through the voices of its most influential leaders.
32 episodes
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